The Truth About The Economy: Total Collapse
September 14, 2007
http://www.youtube.com/watch?v=cziN3gt-hic

Pretty much says it all….

I did some research and Chris Whalen appears to be substantially correct in saying that FDIC can assert a good deal of leverage against Bank Holding Companies — provided, of course, that there is actually an undercapitalized bank underneath the BHC umbrella.

A key mechanism is 12 U.S.C. § 1831o(e)(2)(C)(ii), which is easily understood by its plain language:

Any company controlling an undercapitalized bank must
guarantee the performance of the bank’s capital plan.

That’s guarantee — i.e., cut a big check if the depository institution don’t perform on it’s capitalization plan and meet obligations to FDIC.

Lebensraum: summarily violating law as a way to make debt disappear and expand ‘private’ asset base and acquisition. Make special pay available to certain actors.

Fog of Lebensraum: Study which allows for quiet control of media and radio outlets as a means to better steer your objectives over a large number of nationalities and races, or to get a large number of people to act against good conscience and common sense.

Simply pretend there is no law top officers are required to observe.

When laws get in the way, simply roll out lesser charges to imply law and duty is being observed. Then roll out someone like Warren Buffet or Abby Cohen to exclaim we are in rally mode and deals are so plentiful, they feel like a mosquito in a nudist colony.

That we should all pinch ourselves to contain our glee.

Its a rally didnt you know, and the market is never manipulated by anyone. …. Especially at such times as the Fed cannot account for trillions in off balance sheet transactions since Paulson came into Treasury. I mean left office, I mean, came back. But not officially back. Just officially returns in the media when it appears the team might need coddling.

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You see in August, September, October and November oops-type efforts to crush contract law as concerns debt obligations and offloading your firms debt onto others.

Then rebuilt contract law in December, just in time to invoke it as a basis for paying out large bonuses.

See how that works? Black hat: hammer and crush the law in four or five months on your way out of office – and then in the final month or two, rebuild it and invoke the law as a basis for white hat: paying bonuses.

If you listen to the press, which they apparently own, you would almost be lead to believe that there is NO law ever written which would protect our government from being exploited by opportunists or lunatics.

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*observed 12 monkeys from the ward, running the country – skirting the law, flaunting it –

occasional orangutan throwing dung on the judicial branch as they pass

leaving the office in disarray,

by-passing all law that would

otherwise serve to protect Americans

and their government from

indulgence and abuse.

Acting like they are entitled to do so –

+ pass through large bonus to others.

Paying bonuses to good actors and bad actors, so that it is difficult to sort out who the bad actors are.

Insert poison pill – when you target good actors, they complain more righteously, while bad actors continue to escape scrutiny.*

*insert Texas-style chuckle*

Paulson in white hat: “I answer only to the President.”

“I serve at the pleasure of the President.”

Black hat: *Texas-style back slapping*

“Good Job Hanky. Hanky Pank … hahahahh”

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Yeeeehaawwww!
http://en.wikipedia.org/wiki/Neil_Bush

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*What happens when regulators do not punish actors who sign their firms into debt obligations, and after benefitting from capital infusions that debt incursion allowed those firms to enjoy, seek to offload that debt onto the common, care of FDIC:

What happens is that they are free to repeat the offence in 28 years cycles; give or take 4 years.

What happens is that your father might hold a fund raiser for u and invite a lot of Anglo Saxons to laugh at the government with you, and marvel at how easily you pulled in some large funds.

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Lets see if we can summarily put down contract law and debtor law, in September and October – skirt the judicial branch of oversight altogether, answer only to the president and crush contract law with the legendary “Hammer.”

*insert Texas-style-chuckle and pictures of the fabulous four having coffee with the President on the morn when a large bank with a brokerage arm is annexed by one of the friendly banks with a brokerage arm – one of them thats too big to fail. Insert second Texas-style chuckle.*

Then in December with it comes time to paying over 38 billion to middle managers and mid-level executives at Merrill Lynch, invoke contract law as a basis for paying out these wow-wow bonuses.

*See if you can get the cow hand, ta, tip his hat.*

Notice his staff at Secretary of Treasury were largely clueless on October 12 and 13, 2008; in the dark with what was going on. There is the stock broker again wearing the black hat. Puts his white hat on to peak out the door of his office, checks with his assistance, wants to make sure the press his handled properly.

“Section 1831 o outlines a procedure. “

Tranzor, you CANNOT say the executive “is fulfilling its duty,” when also, considering many omissions, an abundance of omissions, in applying the same duty to firms deprived of the same (obliging) procedure.

Not only is Paulson guilty of a luscious indulgence of omission, he is guilty of helping favored firms, acquire desired assets (@ desired property/locations, talent, presence in foreign markets, cash flow, incoming revenue streams), and then parsing out the toxic parts to dump on commoners.

To borrow your black hat for a second, some shareholders could effectively debate the idea that: Paulson is not a Treasury officer acting to protect Americans. Nor was he at any time in 2008 serving the interests of common Americans. Paulson was merely a stock broker – with his eye on large U.S. fund, FDIC fund, and cash flow and revenue streams he can give to his friends at JP Morgan and Morgan Stanley; who might also parse out some of the assets in fire sale type exchanges, to his firm or subsidiaries of his firm or “clients’ of his former firm.

Paulson wearing two hats too: When he is wearing your black hat, he is flaunting the law, a stock broker who summarily violates US Code; having his hands in, and access to large funds and many assets, pulling levers furiously, with the idea that he will pay the fine later if caught.

When he puts on the white hat, he is using the Treasury Office as his dial out office, or call centre.
http://www.judicialwatch.org/files/documents/2009/TreasuryDocsPart1.pdf